OGX Cash Drain Seen Limiting Oil Auction Bids: Corporate Brazil

May 14 (Bloomberg) -- OGX Petroleo & Gas Participacoes SA, Eike Batista's oil unit that lost 87 percent of its value in the past year, is teaming up with the world's most valuable producer Exxon Mobil Corp. to search for oil in Brazilian waters. A ...

RIO DE JANEIRO & NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has downgraded OGX Petroleo e Gas Participacoes S.A.'s (OGX) foreign and local currency Issuer Default Rating (IDR) to 'B-' from 'B' and its long-term National Scale rating to 'BB+(br)' from ...

May 9 (Bloomberg) -- The Ibovespa stock benchmark fell for a second day as oil company OGX Petroleo & Gas Participacoes SA led losses by raw-material producers amid rekindled concern that growth will falter in China, Brazil's biggest trading ...

OGX Acquires 13 Exploration Blocks in 11th Bid Round [Gulf Oil & Gas (Egypt)] Al Bawaba Ltd. OGX Petroleo e Gas Participacoes S.A. ("OGX"), the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, ...

Petroliam Nasional Berhad has agreed to acquire a 40% stake in Tubarao Martelo Field from OGX Petroleo e Gas Participacoes SA for a total consideration of $850 million. Value: $850 million Parties involved Legal advisers Petroliam Nasional Berhad ...

(Updates with closing prices in sixth paragraph.) May 9 (Bloomberg) -- Bets against OGX Petroleo & Gas Participacoes SA, the oil producer controlled by billionaire Eike Batista, soared to a record after Brazil's stock exchange increased the limit on ...

April 4 (Bloomberg) -- OGX Petroleo e Gas Participacoes SA, billionaire Eike Batista's oil producer, was downgraded by Standard & Poor's on disappointing output revenue and a potential cash shortfall in 2014. OGX may need to raise $1 billion from ...

Brazilian stocks were lower Friday morning following moderate inflation data and after oil producer OGX Petroleo e Gas Participacoes SA (OGXP3.BR) posted a quarterly loss. As of 9:48 a.m. EDT, the Ibovespa index was 0.9% lower at 54,943 points, ...

OGX Petroleo & Gas Participacoes SA (OGXP3), which has the worst-performing bonds in emerging markets this year, holds off-balance-sheet obligations tied to its sister- company that could swell liabilities by as much as 39 percent in the event of ...